Quote from Duref Mudgins:
We won't have to move to Mexico. Mexico continues to move to us. But what of retirement account "nationalization" in Argentina (I thinks that's Portugooeys for "confiscation")? If I do off myself I will make the national headlines by taking a few people with me to be my servants in the afterlife.
Not certain that Mexico is still moving to you anymore.
Employment other than holdups, home invasion, kidnappings etc seem to be falling off.
Just wondering if a successful kidnapping in LA that is converted into a home purchase in Mexico counts as part of the global economy.
The gov of Arg has snatched the portion of the national pension fund that it doesn't already control.
This is being done in order to get us through the bad period of 2009 created by you silly greedy buggers in the first world.
This is finally a sense of responsibility on the part of arg gov. since normally their plan A is to simply default. I like plan A as it is so clean.
Also it is identical to allowing the SEC, FED and Treasury to permit dishonest practice and collapse 401Ks
The big trick is to say that you thought the other guy was honest and you couldn't see this mess coming.
Now you mention servants and this is where argentine lifestyle kicks into top gear.
Firstly you buy a block of land with a big house (estancia).
Then you employ people to look after you.
You in turn take care of them and their families.
You provide for their aged with dignity.
You provide medical.
You provide schooling for the young and university for the gifted.
Anything happens to you and this glorious chain of events ceases to exist.
It is so exciting.
It is so like new.
We are going to call it new age feudalism, write a book and sell it to all the chat shows.
It will be the next next thing because it is just like, you know ..... so new.
regards
f9